Can FuboTV win its bet on Live Sports?

Earlier this week FUBO reported Q4 results. Although new subscriber count and revenue grew handily, the company reported wider-than-expected losses.

Coincidentally (or was it), DISH and DKNG announced a partnership that will bring live sports betting to Dish Network consumers.

FUBO shares have tumbled ~25% lower since this report and corresponding "competitive" announcement.

Is FuboTV doomed?

Data suggests, no.

FuboTV new subscription mentions are on the upswing, currently pacing +81% YoY.

In addition, the company confirmed it completed its acquisition of intertactive gaming and sports betting company, Vigtory. This acquisition is two fold:

1. FUBO is creating a free-to-play app to get consumers in the door...and keep existing consumers engaged. This cross-platform engagement has helped to drive major growth historically for other companies (for example, Square).
2. FUBO is launching its own Fubo Sportsbook later this year. This harnesses a major tailwind. Sports betting mentions have increased +30% YoY.

Investors can expect volatility with fresh IPOs. Fubo is obviously no different. However, the underlying data suggests they're making strategic moves with consumers...and we like what we see.